Posted inAccountancy Class 12 General
Rajan Ltd. purchased assets from Geeta & Co. for Rs 5,00,000
42 :- Rajan Ltd. purchased assets from Geeta & Co. for Rs 5,00,000. A sum of Rs 1,00,000 was paid by means of a bank draft and for the balance…
Posted inAccountancy Class 12 General
Question 46 to 49 (Issue of Shares for Consideration other than Cash)
46 :- Bhushan Lamps Ltd. Issued 30,000 Fully Paid-up shares of Rs 100 each for purchase of the following assets and liabilities from Sharma and Co.:Plant Rs 7,00,000Land and Building…
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Light Lamps Ltd. Issued 50,000 shares of Rs 10 each
49 :- Light Lamps Ltd. Issued 50,000 shares of Rs 10 each as fully paid-up to the promoters for their services to set-up the company. It also issued 2,000 shares…
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Santoor Ltd. Purchased running business from Sanchar Ltd.
48 :- Santoor Ltd. Purchased running business from Sanchar Ltd. For Rs 15,00,000 payable 10% by cheque and the balance by the issue of fully paid Equity Shares of Rs…
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Sandesh Ltd. took over the assets of Rs 7,00,000 and liabilities
47 :- Sandesh Ltd. took over the assets of Rs 7,00,000 and liabilities of Rs 2,00,000 from Sanchar Ltd. for a purchase consideration of Rs 4,59,500. Rs 8,500 were paid…
Posted inAccountancy Class 12 General
Bhushan Lamps Ltd. Issued 30,000 Fully Paid-up shares of Rs 100
46 :- Bhushan Lamps Ltd. Issued 30,000 Fully Paid-up shares of Rs 100 each for purchase of the following assets and liabilities from Sharma and Co.:Plant Rs 7,00,000Land and Building…
Posted inAccountancy Class 12 General
Question 37 to 41 (Issue of Shares for Consideration other than Cash)
37 :- Random Ltd. took over running business of Mature Ltd. comprising of Assets of Rs 45,00,000 and Liabilities of Rs 6,40,000 for a purchase consideration of Rs 36,00,000. The…
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Goodluck Ltd. purchased machinery costing Rs 10,00,000
41 :- Goodluck Ltd. purchased machinery costing Rs 10,00,000 from Fair Deals Ltd. The company paid the price by issue of Equity Shares of Rs 10 each at a premium…
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Z Ltd. purchased furniture costing Rs 2,20,000 from C.D Ltd
40 :- Z Ltd. purchased furniture costing Rs 2,20,000 from C.D Ltd. The payment was to be made by issue of 9% Preference Shares of Rs 100 each at a…
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‘Amrit Dhara Ltd.’ issued 800 Equity shares of Rs 100 each
39 :- ‘Amrit Dhara Ltd.’ issued 800 Equity shares of Rs 100 each at a premium of 25% as Fully Paid-up in consideration of the purchase of Plant and Machinery…